Provides a decentralized identity oracle that uses zero-knowledge proofs and multi-party computation to enable secure, privacy-preserving verification of digital credentials. This solution addresses compliance challenges in Web3 by allowing businesses to perform KYC, AML, and other identity checks without accessing or storing sensitive personal data.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MCFounders
Product
Problem
Web3 applications requiring KYC/AML compliance often necessitate users to share sensitive personal data with centralized systems, creating privacy risks and undermining the principles of decentralization. Traditional KYC processes can be costly and inefficient, posing a barrier to entry for both businesses and users.
Solution
zkMe provides a decentralized identity oracle leveraging zero-knowledge proofs (ZKPs) and multi-party computation (MPC) to enable secure and privacy-preserving verification of user credentials. The platform allows users to prove claims about their identity without revealing the underlying data, ensuring compliance with KYC/AML regulations while maintaining user privacy and data sovereignty. By using ZKPs, zkMe enables businesses to verify user identities and comply with regulatory requirements without accessing or storing sensitive personal information. The platform offers a suite of products including zkKYC, KYT (Know Your Transaction), MeID for personhood verification, and solutions for Crypto Travel Rule compliance and KYB (Know Your Business).
Target Audience
zkMe targets Web3 businesses, including DeFi platforms, launchpads, and RWA projects, that require KYC/AML compliance while prioritizing user privacy, as well as individual users seeking to control their digital identities.
Features
- zkKYC: Enables identity verification without compromising personal data using zero-knowledge proofs.
- KYT: Monitors blockchain transactions for enhanced security and compliance.
- MeID: Ensures personhood and uniqueness of users to combat bot and Sybil attacks.
- Crypto Travel Rule: Facilitates compliant crypto transactions with privacy-preserving mechanisms.
- KYB: Streamlines corporate verification for compliant Web3 partnerships.
- ZK Proof of Location, Citizenship, Credit Score, and Accredited Investor: Verifies specific credentials without revealing underlying data.
- AMLMe: Off-chain AML checks for enhanced compliance.
- MeChain: A decentralized storage and identity oracle tailored for digital identity and data management.
- zkPoAI: Privacy-first accredited investor verification using zero-knowledge technology.